How do I switch from Simple Fund Desktop to Simple Fund 360? – Simple Fund 360 Knowledge Centre

Making the switch from Simple Fund Desktop to Simple Fund 360 can seem daunting at first, but BGL has come up with two options for clients to consider when managing this project.

Clients are welcome to move data across independently, or alternatively, engage with our specialist Client Success Team to help make the switch with you.

Option 1 - Independent Migration

When you have completed the purchase of your Simple Fund 360, the nominated Account Owner of the license will receive a 'Welcome' email that will ask you to log in, nominate a password and set up multi-factor authentication to access your new platform.

For further information on this process, please refer below:

Select Set Password from the 'Welcome' email.

Following this, a new tab will open on your web browser that will request you to nominate a password. Please do so using a unique set of characters and letters that you will remember.

The system will then prompt you to set up multi-factor authentication. Please click here for how to complete this process.

You should then have access to your Simple Fund 360 and begin inviting other users into the system as you see fit. For further information on how to do so, please click here.

Before you begin, BGL highly recommends taking the time to view the below resources to become familiar with the basic functions of your new product.

Simple Fund Desktop vs Simple Fund 360

Fundamental Webinars

Migration

Before fund(s) can be moved from Simple Fund Desktop to Simple Fund 360, they MUST all first go through the following prerequisites:

The fund work must be completed and CREATE ENTRIES processed as at 30/06/201X.
The fund must AUDITED, and Tax Return EXPORTED/LODGED prior to migration.
The fund must BALANCED FORWARD to the next financial year.

Warning: It is also important to ensure NO CURRENT OR FUTURE PERIOD TRANSACTIONS are present.

Once you have completed the migration prerequisites, the fund(s) will be ready for migration. For further information on the migration process, please click here.

Option 2 - Assisted Migration

For further information on this process, please refer below:

Select Set Password from the 'Welcome' email.

Following this, a new tab will open on your web browser that will request you to nominate a password. Please do so using a unique set of characters and letters that you will remember.

The system will then prompt you to set up multi-factor authentication. Please click here for how to complete this process.

You should then have access to your Simple Fund 360 and begin inviting other users into the system as you see fit. For further information on how to do so, please click here.

Before fund(s) can be moved from Simple Fund Desktop to Simple Fund 360, they MUST all first go through the following prerequisites:

The fund work must be completed and CREATE ENTRIES processed as at 30/06/201X.
The fund must AUDITED, and Tax Return EXPORTED/LODGED prior to migration.
The fund must BALANCED FORWARD to the next financial year.

Warning: It is also important to ensure NO CURRENT OR FUTURE PERIOD TRANSACTIONS are present.

Once you have prepared the fund(s) for migration, please provide the team with a backup of the fund(s) from your Simple Fund Desktop that you would like us to migrate.

For further information on how to extract this data from your Simple Fund Desktop, please refer to the below steps:

From the Ribbon Toolbar: On the Data In/Out tab, select Fund In/Out.
Select Folder below Data Export Location to browse for the location where you wish to export the fund data file. Click OK to select the location.
Select Export Fund to copy the fund files to the specified location.
When Simple Fund exports a fund ledger, it creates a zip file in the location specified with the Fund Code as the filename. The Fund Out process also creates a number of files that contain fund data within this zip file.
These zipped files will then need to be sent through to the Client Success Team via a secure Dropbox link that they will send through to you.

In order for Client Success to commence the migration of your data, you will then be required to invite the team into your Simple Fund 360. Please refer to the below steps for how to do so:

Once logged into Simple Fund 360, select the App Switcher on the top right of the screen.
Select Users.
A new screen will load, select the Admin tab on the left-hand side bar . Following this, select Token Management.
The Token Management screen will load. Select Share with BGL Success.

While you wait for the migration to be completed by the team, BGL highly recommends taking the time to view the below resources to become familiar with the basic functions of your new product.

Simple Fund Desktop vs Simple Fund 360

Fundamental Webinars

Migration

Once migration is completed, please then review the fund(s) to ensure the accuracy of your data before commencing work within your Simple Fund 360. BGL recommend generating the BGL Migration Report Pack to assist with this.

For further information, refer to the below steps:

Ensure you are in the fund you need to review.
Select the Reports tab on the left side panel of your Simple Fund 360.
Once the Reports screen loads, select the dropdown under Select Report Pack. You will then be required to select BGL Migration as your option.
A report pack will then generate containing the following reports: Fund Summary Statement of Financial Position Operating Statement Members Statement Investment Summary CGT Register Select Download Report Pack to access these reports in your downloads.

Have Questions? Check Out Our Resources!

When you are ready to purchase or you would like an upgrade, please contact the Sales and Account Management Team.

Phone: 1300 654 401
Email: sales@bglcorp.com.au

	Whilst moving your data to BGL Cloud products, you are welcome to contact our Client Success Team for all of your migration and conversion needs. Phone: 1300 654 401 Email: Respond to your onboarding ticket confirmation email OR success@bglcorp.com.au
	Should you have any questions regarding our add-on Data Services products (Bank Data, Share Data, Wraps and Platforms), please contact our Data Services Team. Phone: 1300 654 401 Email: bankfeeds@bglcorp.com.au

	We recommend having all users in your firm partake in our free of charge (self-paced) online education program, the BGL Learning Channel. It is also recommended to include this in your induction process for all new employees to your firm.
	If you prefer textbooks and hardcopies, BGL provides manuals for all of our products. To download a copy, please click here.
	The Simple Fund 360 Knowledge Centre contains up to date "How to" articles for every process in Simple Fund 360. Simply search keywords of the process you are looking for and off you go.
	Once you are up to speed on the basic workings of your BGL cloud solution, you can keep up to date with new features by viewing our recorded webinars or registering for the live sessions.
	BGL offer classroom training with a trained professional Australia-wide. We cater for all levels of knowledge and dietary requirements. If you prefer in-person demonstrations and the opportunity to ask questions as you, this is a highly recommended solution for you.
	Keep your finger on the pulse. Chat with like-minded BGL clients. Be informed regularly about updates to your software. Know which events BGL will be attending and so much more by registering with our BGL Community at no cost.
	Keep in touch with us via our social media platforms! Facebook Twitter Linkedin

Once you have successfully set your BGL cloud products, your ongoing technical queries can be directed to our BGL Support Team.

Submit a Ticket in SF360
Live Chat in SF360

Phone: 1300 654 401
Email: support@bglcorp.com.au

How long does it take to switch to Simple Fund 360 using the Client Success Service?

Each job differs based on requirements and workload. When you request assistance with the team, they will make contact with you to assess timeframes and advise accordingly.

Do users need to be logged out of the software while the Client Success Team is working on my job?

As this is cloud-based software, you can have unlimited users on the platform at any given time. Users do not need to be logged out of the software whilst the project is in process.
- Please Note: We do recommend that users do not work on funds currently being reviewed by the Client Success Team.

How much does it cost for us to engage with Client Success to make the switch to Simple Fund 360?

BGL does not charge for services provided by the Client Success Team.

How do I transfer an SMSF from one Simple Fund 360 license to another?

Simple Fund 360 offers a fund transfer feature to transfer fund(s) between licenses. Due to security measures, the transfer must be processed by the firm or licensees affected. For further information, please click here.
- If you are unable to proceed as per the transfer instructions, please contact BGL or Client Success to see if we are able to assist.

Can BGL send the Welcome email to more than one person?

The initial Welcome email will be sent to the nominated contact (provided at the point of purchase to BGL) and once this account has been set up on the software, this contact will then need to invite users into the platform. This is to ensure we are adhering to security measures.

Option 1 - Independent Migration

Option 2 - Assisted Migration

Have Questions? Check Out Our Resources!

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